NEW YORK ( TheStreet) -- TJX Companies (NYSE: TJX) hit a new 52-week high Friday as it is currently trading at $59.72, above its previous 52-week high of $59.72 with 2.3 million shares traded as of 3:16 p.m. ET. Average volume has been 3.8 million shares over the past 30 days.

TJX Companies has a market cap of $22 billion and is part of the services sector and retail industry. Shares are up 32% year to date as of the close of trading on Thursday.

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company has a P/E ratio of 17.1, below the average retail industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates TJX Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full TJX Companies Ratings Report.

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